Diversey Announces Pricing of Follow-on Offering of Ordinary Shares
November 10 2021 - 9:15PM
Diversey Holdings, Ltd. (NASDAQ: DSEY), a leading provider of
hygiene, infection prevention and cleaning solutions, today
announced the pricing of a public follow-on offering of 15,000,000
ordinary shares at $15.00. Diversey also granted the underwriters a
30-day option to purchase up to an additional 2,250,000 shares on
the same terms and conditions. Diversey currently intends to use
the net proceeds from the proposed offering for general corporate
purposes, which may include capital expenditures, potential
acquisitions, growth opportunities and strategic transactions. The
offering is expected to close on November 15, 2021, subject to
customary closing conditions.
Citigroup, Morgan Stanley and J.P. Morgan are
acting as lead book-running managers for the offering. BofA
Securities, Barclays, Credit Suisse, Goldman Sachs & Co. LLC,
Jefferies, RBC Capital Markets, UBS Investment Bank, Baird and
Guggenheim Securities are also acting as book-running managers.
Siebert Williams Shank is acting as a co-manager of the
offering.
The offering is being made only by means of a
prospectus. Copies of the preliminary prospectus relating to the
offering may be obtained from: Citigroup, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel:
800-831-9146); or Morgan Stanley & Co. LLC, Attn: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, NY 10014.
A registration statement relating to these
securities was filed with, and declared effective by, the
Securities and Exchange Commission (the “SEC”) on November 10,
2021. Copies of the registration statement can be accessed by
visiting the SEC’s website at www.sec.gov. This press release shall
not constitute an offer to sell or the solicitation of an offer to
buy, nor shall there be any sale of these securities in any state
or jurisdiction in which such offer, solicitation, or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
Cautionary Statements Regarding
Forward-Looking Information
This communication contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. You can identify forward-looking statements by
the fact that they do not relate strictly to historical or current
facts. Such forward-looking statements include, but are not limited
to, the timing, size and completion of the proposed public offering
of common stock. Such statements are subject to numerous important
factors, risks and uncertainties that may cause actual events or
results to differ materially from current expectations and beliefs,
including but not limited to risks and uncertainties related to
market conditions and satisfaction of customary closing conditions
related to the proposed offering, and other risks and uncertainties
related to the offering, Diversey and its business as set
forth in Diversey’s registration statement on Form S-1 filed with
the SEC on November 8, 2021 and the preliminary
prospectus included therein, as well as the other
documents Diversey files from time to time with
the SEC. These documents contain and identify important
factors that could cause the actual results
for Diversey to differ materially from those contained in
Diversey’s forward-looking statements. Any forward-looking
statements contained in this press release speak only as of the
date hereof, and Diversey specifically disclaims any
obligation to update any forward-looking statement, except as
required by law.
About Diversey
Diversey’s mission is to protect and care for
people through leading hygiene, infection prevention, and cleaning
solutions. We develop and deliver innovative products, services,
and technologies that save lives and protect our environment. Over
the course of 95 years, the Diversey brand has become synonymous
with product quality, service, and innovation.
Investor Contact: Grant Graver
ir@diversey.com
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